Cement News tagged under: international
Cement output in Pakistan rises in 10MFY17-1820 June 2018, Published under Cement NewsAccording to Pakistan's Federal Bureau of Statistics, the large-scale manufacturing sector posted 6.13 per cent growth in the first 10 months of FY17-18 (July 2017-April 2018) as the construction boom continued to drive the consumption of cement and steel, while other sectors also recording growth. Local cement industry production was recorded at 35.015Mt during this period from the 31.116Mt produced in 10M16-17, representing a YoY growth of 12.5 per cent. This trend was also observed in A... |
Peru’s consumption stable in May19 June 2018, Published under Cement NewsPeru’s cement market remained largely stable in May with consumption edging up by 0.6 per cent YoY to 0.778Mt and by 2.5 per cent from 0.759Mt the previous month, according to the latest data by Asocem, the country’s cement association. Peru’s cement production rose 3.4 per cent YoY and four per cent MoM to 0.807Mt in April. Clinker production fell 15.1 per cent to 0.636Mt when compared with April 2018, when output volumes stood at 0.749Mt. However, when compared with May 2017, clinker out... |
Kerala records INR40 price hike19 June 2018, Published under Cement NewsA INR40 (US$0.59) price hike in Kerala, India, over the past week has been blamed on cement companies and the state’s failure to organise a price regulatory body, according to The Hindu. The price has increased from INR355-360/bag to INR395-400/bag. While cement sales in the state usually record a 20 per cent dip in monsoon season, this price increase has negatively affected the cement suppliers. "Apart from the consumers, we too are badly affected. Dealers are struggling to pay wages... |
Spain’s cement consumption sees 12% YoY in April19 June 2018, Published under Cement NewsSpanish cement demand rose by 11.7 per cent YoY in April, according to the country’s cement association, Oficemen. The growth has been attributed due to a recovery in housing starts, particularly in large cities such as Madrid and Barcelona, which have seen apartment prices rise in the last three years. In the last 12 months up to April, 12.4Mt of cement were consumed in Spain, which represents an additional 1.25Mt when compared with the same period of the previous year. New residential h... |
ACC expects Indian demand to increase by 7% in 201818 June 2018, Published under Cement NewsIndia’s ACC expects the country’s cement demands to grow by seven per cent this year, assisted by infrastructure projects and the continued focus on rural development and affordable housing schemes. However, intense competition and insufficient consumption will lead to excess capacity, according to the producer. "The cement industry had a growth of six per cent in 2017 as against 5.1 per cent in the previous year. Around 66 per cent of its demand came from the housing sector, followed ... |
ARM Cement to relinquish Tanzania assets18 June 2018, Published under Cement NewsARM Cement will include KES854.6m (US$8.45m) of additional assets in Tanzania to sweeten the deal for buyers of the company’s non-cement business, according to The Citizen. The company reached an agreement to sell its fertiliser and mineral production businesses in Kenya to Swiss firm Omya and Pinner Heights Ltd (PHL), a company owned by its CEO, Pradeed Paunrana, for KES1.6bn. Its latest annual report ARM said that the buyers could also acquire its non-cement operations in Tanzania for f... |
Taiwanese cement industry records sales surge in May14 June 2018, Published under Cement NewsThe Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor and fuel/utility sectors. Over the period, 645 listed companies reported a YoY increase in revenue, while 271 saw a fall. Sales generated by listed cement businesses noted a 34.3 per cent YoY surge in revenue to TWD21.1bn (US$701.98m) on the back of rising demand from China, according to data complied by the TWSE. |
Mozambique customs service seizes 1440t of cement at border14 June 2018, Published under Cement NewsThe Mozambican customs service has defended the seizure on 2 June of 28,800 sacks of cement (1440t) imported from South Africa, despite the insistence by the importing company, Kawena, that such imports are exempt from customs duty. The press attaché of the National Customs Directorate, Fernando Tinga, said that the seizure of the imported cement was because Kawena did not present the legally-required documentation at the time. The train hauling the wagons loaded with cement entered Mozambi... |
LafargeHolcim plays major role in World Cup stadium construction13 June 2018, Published under Cement NewsLafargeHolcim contributed to the construction and reconstruction of key infrastructure projects in Russia, including eight of the 12 stadiums that will be used for the football tournament. The group's cement plants in Shurovo, Ferzikovo and Volsk and aggregate quarries in Karelia Republic all played a vital role in providing construction materials for stadiums, such as Moscow's flagship Luzhniki Stadium, which will host seven matches including the opening game between Russia and Saudi Arab... |
Cameroon's Quiferou to produce cement in Central African Republic13 June 2018, Published under Cement NewsCameroonian company Quiferou has signed on Monday a mining agreement with the government of the Central African Republic (CAR), according to APA. Quifero plans to produce cement at Bomoko, in the southwest of CAR. Quiferou plans to produce 0.35Mta of cement, said Jacquis Pogouya, the company’s CEO. CAR Minister of Mines, Léopold Mboli Fatrane, who signed the agreement, said the agreement is the result of a long process of consideration to produce cement at a lower cost in the country. ... |